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Silver Price Forecast August 28, 2017, Technical Analysis

By
Christopher Lewis
Updated: Aug 26, 2017, 08:04 GMT+00:00

Silver markets were very volatile during the day on Friday as several central bankers were speaking in Wyoming. This is not a huge surprise, and by the

Silver daily chart, August 28, 2017

Silver markets were very volatile during the day on Friday as several central bankers were speaking in Wyoming. This is not a huge surprise, and by the end of the day it looks as if we really didn’t go anywhere. We continue to for the $17 level, so I don’t think much has changed. Given enough time, I think it’s only a matter of time before the market should make a decision, but in the meantime, there’s not much to trade. Ultimately, this is a market that should continue to be very volatile, so I prefer to stay away from the supermarkets as they could cause quite a bit of trouble.

SILVER Video 28.8.17

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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